Home GRASP GRASP/Japan Kobe Steel CEO to resign over reputation-shaking data scandal

Kobe Steel CEO to resign over reputation-shaking data scandal

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Kobe Steel Ltd.’s chief executive said he would step down effective April 1 to take responsibility for a quality scandal that has shaken Japan’s reputation for top-notch manufacturing.
TOKYO—Kobe Steel Ltd.’s chief executive said he would step down effective April 1 to take responsibility for a quality scandal that has shaken Japan’s reputation for top-notch manufacturing.
“To demonstrate that Kobe Steel has changed and to speed up change, we need new management,” said Hiroya Kawasaki, the head of Japan’s third-largest steelmaker.

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